Filed in Railroad Shipping
Thursday, September 20, 2012
NS said it expects earnings to be in the $1.18-$1.25 range per diluted share.
Tuesday, September 11, 2012
STB officials wrote in a decision to the two railroads, whom were seeking STB approval for the discussion, that it determined it was a “minor transaction” as defined by its regulations.
Friday, August 31, 2012
Carload volume—at 297,042—was down 0.8 percent annually, and intermodal volumes—at 248,364 trailer and containers were up 5.2 percent annually.
Friday, August 24, 2012
Carload volume—at 293,916—was down 2.1 percent annually, and intermodal volumes—at 247,224 trailers and containers—were up 3.6 percent.
Tuesday, August 21, 2012
A report submitted to Congress by the Federal Railroad Administration earlier this month stated that there are still many obstacles to implementing Positive Train Control systems for U.S. railroads.
Friday, August 10, 2012
Carload volume—at 228,229—was up 0.4 percent annually, and intermodal volumes—at 243,261 trailers and containers—were up 3.3 percent.
Thursday, July 26, 2012
In an effort to “further protect shippers from unreasonable rail rates,” the United States Department of Transportation’s Surface Transportation Board (STB) said this week it is rolling out two initiatives to help them on this front.
Wednesday, July 25, 2012
The two largest short line and regional rail operators in North America will become one, with this week’s announcement that Genesee & Wyoming (G&W) will acquire RailAmerica for an all-cash purpose price of $27.50 per share—or roughly $1.39 billion.
Wednesday, July 18, 2012
A report by the USPS Office of Inspector General (OIG), entitled “Strategic Advantages of Moving Mail by Rail,” highlights the fact that moving USPS services and products on rail could be highly advantageous and beneficial for the USPS, with multiple benefits.
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Friday, July 13, 2012
Carload volume—at 243,156—was down 1 percent annually, and intermodal—203,362 trailers and containers—were up 5.6 percent.